Prediction: Joby Stock Will Soar Over the Next 10 Years. Here's 1 Reason Why.

Core Insights - Joby Aviation has seen its stock price increase over 70% this year, with the potential for significant growth as it aims to obtain FAA-type certification in 2026, marking the beginning of a decade of expansion in urban air travel [1][3] Company Overview - Joby Aviation is an aircraft start-up focused on alleviating urban traffic congestion by using electric vertical takeoff and landing (eVTOL) aircraft to transport passengers over city roads and highways [1][2] - The company's aircraft are designed to be electric, relatively quiet, and utilize a combination of fixed wings and propellers for flight, distinguishing them from traditional helicopters [2] Competitive Position - Joby Aviation is nearing the completion of the FAA-type certification process, positioning itself as a potential first-mover in the eVTOL market, which could provide a significant competitive advantage over rivals like Archer Aviation [4] Financial Metrics - As of the latest data, Joby Aviation has a market capitalization of $13 billion, with a current stock price of $14.43 [5][6] - The company ended the third quarter with approximately $978 million in cash and equivalents, which is expected to sustain its research and development efforts for the next couple of years [7] Strategic Partnerships - Joby has partnered with Nvidia, which selected the company as a launch partner for its IGX Thor computer platform, aimed at enhancing the safety and reliability of Joby's aircraft through real-time data processing from onboard sensors [6]